SPDR Wells Fargo Preferred Stock ETF (NYSEARCA:PSK) Stock Position Lifted by Squar Milner Financial Services LLC

Squar Milner Financial Services LLC lifted its holdings in SPDR Wells Fargo Preferred Stock ETF (NYSEARCA:PSK) by 1,379.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,086 shares of the company’s stock after purchasing an additional 1,945 shares during the quarter. Squar Milner Financial Services LLC’s holdings in SPDR Wells Fargo Preferred Stock ETF were worth $91,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in PSK. Mackenzie Financial Corp grew its stake in shares of SPDR Wells Fargo Preferred Stock ETF by 65.1% in the second quarter. Mackenzie Financial Corp now owns 1,352,418 shares of the company’s stock worth $58,438,000 after purchasing an additional 533,486 shares in the last quarter. Morgan Stanley boosted its stake in SPDR Wells Fargo Preferred Stock ETF by 160.4% during the second quarter. Morgan Stanley now owns 494,280 shares of the company’s stock valued at $21,357,000 after buying an additional 304,480 shares in the last quarter. Mechanics Bank Trust Department bought a new position in SPDR Wells Fargo Preferred Stock ETF during the third quarter valued at about $3,068,000. UBS Group AG boosted its stake in SPDR Wells Fargo Preferred Stock ETF by 40.4% during the second quarter. UBS Group AG now owns 202,289 shares of the company’s stock valued at $8,741,000 after buying an additional 58,166 shares in the last quarter. Finally, Atria Investments LLC bought a new position in SPDR Wells Fargo Preferred Stock ETF during the second quarter valued at about $191,000.

Shares of PSK stock opened at $44.36 on Thursday. The stock has a 50-day simple moving average of $44.03 and a 200 day simple moving average of $43.89. SPDR Wells Fargo Preferred Stock ETF has a fifty-two week low of $41.03 and a fifty-two week high of $44.55.

The company also recently announced a monthly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were paid a dividend of $0.2452 per share. The ex-dividend date of this dividend was Friday, December 20th. This represents a $2.94 annualized dividend and a yield of 6.63%. This is a boost from SPDR Wells Fargo Preferred Stock ETF’s previous monthly dividend of $0.20.

SPDR Wells Fargo Preferred Stock ETF Profile

SPDR Wells Fargo Preferred Stock ETF (the Fund) seeks to replicate the total return of the Wells Fargo Hybrid and Preferred Securities Aggregate Index (the Index). The Index is a modified market capitalization weighted index designed to measure the performance of non-convertible preferred stock and securities that are functionally equivalent to preferred stock, including, but not limited to, depositary preferred securities, perpetual subordinated debt and certain securities issued by banks and other financial institutions that are eligible for capital treatment with respect to such instruments akin to that received for issuance of straight preferred stock.

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Institutional Ownership by Quarter for SPDR Wells Fargo Preferred Stock ETF (NYSEARCA:PSK)

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